NIC Asia Bank Auctioning Promoter Shares of RMDC, MERO Microfinance and CIT From Today
NIC Asia Bank Limited is auctioning the promoter shares of RMDC Laghubitta Bittiya Sanstha Limited. The auction has opened today, i.e. on Bhadra 4, and will close on Bhadra 18 at the end of banking hours.
3,06,065 unit promoter shares of RMDC Laghubitta are in the auction. Existing promoters, the general public, and institutions can all bid for the auction.
Rs. 603 is the minimum bid rate. While the minimum bid quantity for shares is 1000 units, there is no upper limit for both shares. Although bidders can bid for the entirety of the issue, they are required to abide by Nepal Rastra Bank's rule to not exceed the specified quantity of shares per entity.
NIC Asia Bank Limited is also auctioning the promoter shares of Mero Microfinance Laghubitta. The auction has opened today, i.e. on Bhadra 4, and will close on Bhadra 18 at the end of banking hours.
A total of 86,339 unit promoter shares of Mero Microfinance Laghubitta Bittiya Sanstha Limited (MERO) will be auctioned. These are the promoter shares of MERO currently owned by NIC Asia Bank. All eligible individuals, existing promoters, and institutions can bid for the auction.
While the minimum quantity is 100 units, bidders can bid for the entirety of the auction. However, bidders are required to abide by Nepal Rastra Bank's rule to not exceed the specified quantity of shares per entity. Rs. 576 is the minimum bid rate.
3,50,369 promoter shares of Citizen Investment Trust are also auctioned in the same period. Only banks, financial institutions, and insurance companies are eligible to bid for the auction.
Rs. 1,410 is the minimum bid rate. While the minimum quantity is 100 units, bidders can bid for the entirety of the auction. However, bidders are required to abide by Nepal Rastra Bank's rule to not exceed the specified quantity of shares per entity.
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